• Reported GAAP EPS of $1.36 up 9.68% YoY • Reported revenue of $857.47M up 4.33% YoY • Extra Space Storage Inc. anticipates 2026 Core FFO per share between $8.05 and $8.35, with same-store revenue growth ranging from (0.50)% to 1.50% and same-store NOI growth from (2.25)% to 1.25%.
Bullish
Extra Space Storage Inc. reported 2.5% Core FFO growth in Q4, expanded its portfolio through $483.6 million in acquisitions, and grew its third-party management platform to 2,263 stores.
Bearish
Extra Space Storage Inc. experienced a 1.7% decrease in annual same-store NOI and a decline in occupancy to 92.6%, while facing risks from increased competition that could reduce rents.